Allspring Utilities & High Income Fund

ERH

Market cap $112M

The Allspring Utilities and High Income Fund (ERH) offers an 8.42% yield by blending utility equities with high-yield bonds, prioritizing current income. ERH's portfolio is 88% utility equities, providing inflation protection and dividend growth potential, but its bond allocation drags long-term total returns down. Utility holdings are positioned to benefit from the data center-driven surge in electricity demand, though regulatory and political risks remain material.

CHARLOTTE, N.C., April 24, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C., March 27, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C., Feb. 24, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Utilities & High Income Fund remains a buy, trading at a 7.08% discount to NAV with an 8.5% yield. ERH's blended equity and high-yield debt strategy generates attractive income but relies heavily on net realized gains for dividend coverage. Leverage (20.9% of assets) amplifies income and risk; potential rate cuts could improve operating spread and future returns.

CHARLOTTE, N.C., Jan. 30, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C. , Dec. 26, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Utilities and High Income Fund offers an 8.17% yield, blending utility stocks and junk bonds for high income potential. ERH's total return lags utility indices due to its junk bond allocation, but recent performance has outpaced junk bonds and matched utility sector strength. The ERH fund's distribution is well-covered by investment profits, with a growing payout and a current 6.81% discount to net asset value.

CHARLOTTE, N.C. , Nov. 13, 2025 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2026 and ending December 31, 2026.

CHARLOTTE, N.C. , Nov. 12, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.